Robert W. Baird Lowers Duluth (NASDAQ:DLTH) Price Target to $2.75

Duluth (NASDAQ:DLTH) had its target price lowered by equities research analysts at Robert W. Baird from $3.50 to $2.75 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s target price points to a potential upside of 21.68% from the stock’s current price.

Separately, StockNews.com assumed coverage on shares of Duluth in a research note on Sunday, March 9th. They issued a “hold” rating for the company.

Duluth Trading Down 10.7 %

Shares of DLTH stock traded down $0.27 on Friday, hitting $2.26. 50,310 shares of the stock traded hands, compared to its average volume of 34,152. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.16 and a current ratio of 1.30. Duluth has a twelve month low of $2.50 and a twelve month high of $5.08. The firm’s 50-day moving average price is $2.89 and its two-hundred day moving average price is $3.39. The stock has a market capitalization of $71.90 million, a PE ratio of -2.29 and a beta of 1.30.

Institutional Trading of Duluth

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in Duluth by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 843,672 shares of the company’s stock worth $2,607,000 after buying an additional 58,991 shares during the period. Madison Investment Advisors LLC purchased a new position in shares of Duluth during the 4th quarter worth approximately $2,357,000. Tieton Capital Management LLC increased its holdings in Duluth by 22.2% in the 4th quarter. Tieton Capital Management LLC now owns 725,635 shares of the company’s stock valued at $2,242,000 after purchasing an additional 131,895 shares during the last quarter. Bridgeway Capital Management LLC raised its position in Duluth by 1.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 279,437 shares of the company’s stock valued at $863,000 after purchasing an additional 4,459 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Duluth by 13.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,988 shares of the company’s stock worth $806,000 after purchasing an additional 31,837 shares in the last quarter. 24.39% of the stock is owned by institutional investors and hedge funds.

Duluth Company Profile

Duluth Holdings Inc sells casual wear, workwear, and accessories for men and women under the Duluth Trading brand in the United States. It provides shirts, pants, underwear, tanks, outerwear, footwear, accessories, and hard goods. The company offers its products under various trademarks, trade names, and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No-Yank, No Polo Shirt, Wild Boar Mocs, and Buck Naked.